Paper Title :The Impact of Sudden Stops in Capital Flows on Output: Selected Emerging Markets

Author :Noha Emara, Congcong Ni, Ya Gao

Article Citation :Noha Emara ,Congcong Ni ,Ya Gao , (2018 ) " The Impact of Sudden Stops in Capital Flows on Output: Selected Emerging Markets " , International Journal of Management and Applied Science (IJMAS) , pp. 24-29, Volume-4,Issue-3

Abstract : We evaluate how vulnerable the emerging markets are tosudden stops, that is, capital inflow reversals, using panel data for 12 emerging economies for the period 1976-2002 that experienced such reversals. We investigate the impact ofsudden stops on the macroeconomic indicators of economic growth by employing the Generalized Method of Moments (GMM) estimation methodology. A robustness check is performedusing regional groups and introducing additional control variables. We find that sudden stops have lagging, negative, and robust effect on output. Keywords - Sudden Stops; Emerging Markets, Financial Crisis, Output, Capital Inflow

Type : Research paper

Published : Volume-4,Issue-3

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